Nouveau Monde Graphite

NMG

Other Precious Metals · Basic Materials

Price

$1.50

+0.12 (+8.70%)

Market Cap

$493.7M

Exchange

New York Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+258.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 43.0M (2021) → 154.0M (2025)

Winston Score History

The full picture

Nouveau Monde Graphite is a Canadian mining company working to build a fully integrated graphite supply chain in Quebec, Canada. Graphite is a key material used to make the anodes inside lithium-ion batteries, which power electric vehicles and energy storage systems. The company aims to produce both raw graphite and processed battery-grade graphite materials, targeting EV manufacturers and battery makers as its main customers.

The company is still in the development stage, meaning it has not yet started commercial production and currently generates little to no revenue. Its main project is the Matawinie mine and a planned coating facility in Quebec, which would make it one of the few Western sources of battery-grade graphite outside of China — a significant advantage given that China currently dominates global graphite supply. The biggest risk is that construction, permitting, and financing must all come together before the company can generate meaningful sales, making execution the central challenge ahead.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+127.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

Research and development spending

Insider Activity

71.6%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~7 years

C$462M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

C$462M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-4.9%

Weak — -4.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.04

Conservative — low debt load (0.04)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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